A 10-year bond with a par value of $1000 and 13.0% coupons payable annually is selling at a price of $1000. An investor has just bought the bond and is expecting to sell it in the secondary market in 5 years (immediately after a coupon payment). If your forecast is that the bond's YTM will be 16.0% when it is sold and that the reinvestment rate on the coupons will be 10.0%, what would be the rate of return on the bond investment? The rate of return on the bond investment will be %. (Round to two decimal places.)